When the market falls and people feel less wealthy, this stock gets hit hard

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A tumbling market can hurt many stocks, but Sotheby's is one name that usually feels a lot of pain.

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America's wealthy aren't acting like they believe we've seen the market bottom: SurveyInvestors with at least $1 million in a brokerage account are bearish on the economy and market, according to an E-Trade survey. The wealthy are not planning big changes to portfolios, but are adjusting allocations with a clear message: be defensive. See this outstanding offer - Because this was a bear market rally by comparison to how 2000/2008 unfolded Looking forward to the market being on sale! :-)
Source: CNBC - 🏆 12. / 72 Read more »